Johnson Service Group (LON:JSG) Reaches New 12-Month High on Analyst Upgrade

Shares of Johnson Service Group PLC (LON:JSG) hit a new 52-week high during mid-day trading on Tuesday after Royal Bank of Canada raised their price target on the stock from GBX 140 to GBX 155. Royal Bank of Canada currently has a sector perform rating on the stock. Johnson Service Group traded as high as GBX 153.77 ($1.93) and last traded at GBX 153.77 ($1.93), with a volume of 122972 shares. The stock had previously closed at GBX 149.40 ($1.88).

Separately, Berenberg Bank lifted their price objective on shares of Johnson Service Group from GBX 170 ($2.14) to GBX 185 ($2.32) and gave the stock a “buy” rating in a research note on Wednesday, May 1st.

Insider Activity at Johnson Service Group

In other Johnson Service Group news, insider Peter Egan acquired 65,000 shares of Johnson Service Group stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of GBX 137 ($1.72) per share, with a total value of £89,050 ($111,871.86). 1.83% of the stock is owned by company insiders.

Johnson Service Group Stock Performance

The firm has a market cap of £650.22 million, a price-to-earnings ratio of 2,616.67, a price-to-earnings-growth ratio of 10.18 and a beta of 1.65. The company has a debt-to-equity ratio of 41.03, a quick ratio of 0.80 and a current ratio of 0.88. The firm’s 50 day moving average is GBX 130.93 and its 200-day moving average is GBX 135.16.

Johnson Service Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be given a dividend of GBX 1.90 ($0.02) per share. This is a positive change from Johnson Service Group’s previous dividend of $0.90. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.34%. Johnson Service Group’s payout ratio is currently 5,000.00%.

Johnson Service Group Company Profile

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom and Ireland. It operates in two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment offers workwear and protective wear rental; and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundry services.